La Esperanza Group

The 'La Esperanza' committee was created through the management and support of a group of women who found themselves working in this place. The group is from the city of San Lorenzo. There are 12 members who set their main goal as being the growth of each and every one of them both in their work and in their personal lives.

Liza is the group's president. She is 30 years old and is a very hard-working and entrepreneurial woman who has a great desire to make progress. Her business is selling various items including clothes, shoes, sheets, etc. This makes her income so that she can help her family and contribute to the household. Her goal is to become a great micro-businesswoman.

Liza is requesting this loan to buy clothes, shoes and other items so that she can have a greater variety of goods to offer her customers and keep working.

Additional Information

About Fundación Paraguaya

Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.